Sensex, Nifty rise; auto stocks rally

Image
Reuters
Last Updated : May 11 2017 | 4:23 PM IST

REUTERS - Indian shares edged up at the close of trade on Thursday after retreating from record highs earlier in the day, with auto stocks boosted by expectations interest rates will fall after an official forecast of a better monsoon eased inflation fears.

The Nifty closed up 0.16 percent at 9,422.40, while the Sensex ended marginally higher at 30,250.98.

The NSE Auto index rose 1.04 percent, led by gains in Eicher Motors, which closed up 5.7 percent.

(Reporting by Samantha Kareen Nair in Bengaluru; Editing by Biju Dwarakanath)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 11 2017 | 4:04 PM IST

Next Story